Distance from the record
This close sat 1.56% below the highest silver close recorded up to that date, set on 2003-07-28.
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This page is a historical record of the silver price in 29 August 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $5.109 per troy ounce on 29 August 2003, down $0.019 (0.37%) from the previous close of $5.128.
This close sat 1.56% below the highest silver close recorded up to that date, set on 2003-07-28.
Twelve months earlier silver traded around $4.527, making this a +12.86% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $5.11 per troy ounce on 29 August 2003. That is $0.02 lower than the previous close of $5.13, a move of -0.37%.
The silver price fell on 29 August 2003, losing $0.02 (0.37%) against the previous session's close of $5.13.
At $5.11 per troy ounce, one gram of pure silver was worth about $0.16 on 29 August 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 73.5 on 29 August 2003, meaning one ounce of gold was worth roughly 73.5 ounces of silver.
A week before 29 August 2003, silver was around $4.99 per troy ounce, so the close of $5.11 is a gain of 2.3% over the week.
A year before 29 August 2003, silver was around $4.53 per troy ounce. The close of $5.11 therefore represents a rise of 12.9% over twelve months.
It closed 1.56% below the highest close on record up to that date, which was set on 2003-07-28.